Economics · International Trade
When a country devalues its currency, what is the direct economic effect on its international trade?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both imports and exports become costlier
- 2Imports become costlier and exports become cheaper✓
- 3Both imports and exports become cheaper
- 4Imports become cheaper and exports become costlier
Correct answer
Imports become costlier and exports become cheaper
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